Look at the depletion phase which is about to end in H4 graph. I think this is right time to buy USDJPY. If you see the daily graph you will notice that this pair is in a channel and currently trading close to the top of the channel. This is the 4th attempt touch the top of the channel and this time the attempt is not coming from the bottom of the channel. It suggest that this time it will be broken and we can see it near $114 very soon.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.